Capital Analysts LLC Sells 175 Shares of TotalEnergies SE (NYSE:TTE)

Capital Analysts LLC cut its holdings in TotalEnergies SE (NYSE:TTE) by 6.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,506 shares of the company’s stock after selling 175 shares during the quarter. Capital Analysts LLC’s holdings in TotalEnergies were worth $169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. FMR LLC boosted its position in TotalEnergies by 0.4% during the 3rd quarter. FMR LLC now owns 12,364,753 shares of the company’s stock valued at $813,106,000 after acquiring an additional 52,562 shares in the last quarter. Wellington Management Group LLP boosted its position in TotalEnergies by 7.6% during the 1st quarter. Wellington Management Group LLP now owns 9,142,190 shares of the company’s stock valued at $462,045,000 after acquiring an additional 643,607 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in TotalEnergies by 40.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,350,544 shares of the company’s stock valued at $320,956,000 after acquiring an additional 1,823,670 shares in the last quarter. Ameriprise Financial Inc. boosted its position in TotalEnergies by 3.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,648,282 shares of the company’s stock valued at $241,480,000 after acquiring an additional 129,960 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in TotalEnergies by 0.4% during the 3rd quarter. American Century Companies Inc. now owns 3,160,760 shares of the company’s stock valued at $207,852,000 after acquiring an additional 11,094 shares in the last quarter. 13.22% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Se Totalenergies acquired 196,964 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was bought at an average cost of $22.86 per share, for a total transaction of $4,502,597.04. Following the acquisition, the director now directly owns 295,235 shares in the company, valued at $6,749,072.10. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TTE. Piper Sandler lifted their price objective on TotalEnergies from $75.00 to $79.00 and gave the company a “neutral” rating in a research report on Thursday. Scotiabank lifted their target price on shares of TotalEnergies from $74.00 to $86.00 and gave the company a “sector perform” rating in a report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $70.75.

TotalEnergies Price Performance

TTE stock opened at $70.95 on Friday. The firm has a 50 day moving average price of $67.71 and a 200-day moving average price of $66.78. TotalEnergies SE has a 52-week low of $54.94 and a 52-week high of $74.06. The firm has a market capitalization of $166.85 billion, a price-to-earnings ratio of 8.18, a PEG ratio of 1.71 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.90 and a current ratio of 1.12.

TotalEnergies (NYSE:TTE) last released its earnings results on Wednesday, February 7th. The company reported $2.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.43 by ($0.27). TotalEnergies had a net margin of 9.19% and a return on equity of 19.61%. The business had revenue of $54.77 billion for the quarter, compared to analysts’ expectations of $55.14 billion. During the same quarter in the previous year, the business posted $2.97 earnings per share. Equities research analysts forecast that TotalEnergies SE will post 9.41 EPS for the current fiscal year.

TotalEnergies Profile

TotalEnergies SE, a multi-energy company, produces and markets oil and biofuels, natural gas, green gases, renewables, and electricity in France, rest of Europe, North America, Africa, and internationally. It operates through five segments: Exploration & Production, Integrated LNG, Integrated Power, Refining & Chemicals, and Marketing & Services.